BSE: IBREALEST - Indiabulls Real Estate Limited

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = -19.2
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 118.6 + (118.6 * 8.66% / 100) = 128.87

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.1131
Ebitda Yield = -1.46
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0924
Debt = 3.02
Market Cap = 32.11
Weight Debt = Market Cap / (Market Cap + Debt) = 32.11 / (32.11 + 3.02) = 0.9141
Weight Cost Debt = 100% - 0.9141 = 0.0859
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.82
β = 2.39
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.39 * 5.94 + 0 = 0.17
WACC = (0.0924 / 3.02) * (100% - 0.9141) * (1 - 0.21) + 0.17 + 0.9141 = 2.55
Terminal Value = Discount (0.1131 * (1 + -1.46) / (2.55 - -1.46)) = -0.0311
Company Value = ∑ (0.1131 / (1 + 2.55) ^ 5) = 1.66
Price = (Terminal Value + Company Value) / Count shares = (-0.0311 + 1.66) / 541080000 = 3.01

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.315
FCF Yield = -0.2058
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0924
Debt = 3.02
Market Cap = 32.11
Weight Debt = Market Cap / (Market Cap + Debt) = 32.11 / (32.11 + 3.02) = 0.9141
Weight Cost Debt = 100% - 0.9141 = 0.0859
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.82
β = 2.39
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.39 * 5.94 + 0 = 0.17
WACC = (0.0924 / 3.02) * (100% - 0.9141) * (1 - 0.21) + 0.17 + 0.9141 = 2.55
Terminal Value = Discount (-0.315 * (1 + -0.2058) / (2.55 - -0.2058)) = -0.9533
Company Value = ∑ (-0.315 / (1 + 2.55) ^ 5) = -2.47
Price = (Terminal Value + Company Value) / Count shares = (-0.9533 + -2.47) / 541080000 = -6.33